Logan Energy (CVE:LGN) Upgraded at Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce upgraded shares of Logan Energy (CVE:LGN) from a hold rating to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. ATB Cormark Capital Markets raised shares of Logan Energy to a “moderate buy” rating in a research report on Tuesday, February 17th. Scotiabank dropped their price objective on shares of Logan Energy from C$1.65 to C$1.50 and set an “outperform” rating for the company in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy” and an average price target of C$1.21.

Logan Energy Stock Performance

Shares of CVE:LGN opened at C$0.95 on Wednesday. The stock has a 50-day simple moving average of C$0.81 and a 200-day simple moving average of C$0.81. The stock has a market capitalization of C$565.89 million, a P/E ratio of 23.75 and a beta of 5.15. Logan Energy has a 1 year low of C$0.49 and a 1 year high of C$0.98.

Logan Energy Company Profile

Logan Energy Corp. engages in the exploration, development and production of crude oil and natural gas properties. The company holds interest in the Simonette and Pouce Coupe properties in northwest Alberta; and the Flatrock property in northeastern British Columbia. Logan Energy Corp. was incorporated in 2023 and is headquartered in Calgary, Canada.